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August 22, 2007
The Tech Bounce Since Thursday
Here is testimony to the joys of high beta stocks. Consider the post-trough bounces (from the close last Thursday to today) for the following Nasdaq 100 stocks:| Company | Ticker | % |
| Research in Motion | RIMM | 24.2% |
| Garmin | GRMN | 13.8% |
| NVIDIA | NVDA | 13.0% |
| Apple | AAPL | 12.7% |
| Akamai Technologies | AKAM | 10.3% |
| Citrix Systems | CTXS | 9.8% |
| Juniper Networks | JNPR | 8.3% |
| Amazon.com | AMZN | 7.8% |
| Marvell Technology | MRVL | 7.5% |
| Network Appliance | NTAP | 7.6% |
[Update] As an aside, tech is doing nicely afterhours, with INTU and JDSU coming in ahead of expectations.
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